Table 11-2 Consider a Small Town with Only Three Families,the Jones Family,the

question 132

Multiple Choice

Table 11-2
Consider a small town with only three families,the Jones family,the Harris family,and the Wong family.The town does not currently have any streetlights so it is very dark at night.The three families are considering putting in streetlights on Main Street and are trying to determine how many lights to install.The table below shows each family's willingness to pay for each streetlight.

-Refer to Table 11-2.Suppose the cost to install each streetlight is $200.How many streetlights should the town install to maximize total surplus from the streetlights?

• A) 1 streetlight
• B) 2 streetlights
• C) 3 streetlights
• D) 4 streetlights

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Definitions:

Health Care Decisions

Health care decisions refer to choices and determinations made about medical treatment and patient care, often involving considerations of ethical, legal, and personal health factors.

Preponderance Of The Evidence

A legal standard that requires more than 50% of the evidence to support one side in a civil case.

Civil Case

A legal dispute between two or more parties in which compensation may be awarded to the victim as opposed to criminal sanctions.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.